Huobi

Crypto Exchange Huobi Sees Over $60M Outflows Amid Insolvency Rumors
Crypto

Crypto Exchange Huobi Sees Over $60M Outflows Amid Insolvency Rumors

Huobi, one of the largest cryptocurrency exchanges, faced an outflow of $64 million between Aug. 5-6. This occurred due to rumors about the financial stability of the exchange and allegations that Chinese agencies were investigating its officials. However, the company’s total value locked (TVL) fell sharply, from $3.09 billion last month to only $2.5 billion […]

Aug. 8, 2023